Morgan Stanley appoints new chief operating officer

MORGAN STANLEY has appointed its head of technology as chief operating officer.

The bank yesterday named Jim Rosenthal would succeed Tom Nides, who departed late last year to join the US State Department under Hilary Clinton as deputy secretary for management and resources.

Rosenthal will handle the integration of the New York investment bank’s brokerage joint venture with Citigroup’ Smith Barney, of which it holds a 51 per cent stake.

He will also oversee human resources, corporate communications, marketing, community affairs and corporate services.

Rosenthal joined from commercial real estate business Tishman Speyer in 2008, where he had worked as chief financial officer since 2006.

The Harvard Law School graduate has worked for Lehman Brothers and McKinsey & Co, the consulting firm where he and Morgan Stanley chief executive and president James Gorman got their Wall Street starts.